B&R Technology Merger Corp. (NASDAQ:BRTMU) Sees Large Decline in Short Interest

B&R Technology Merger Corp. (NASDAQ:BRTMU) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 234 shares, a drop of 63.1% from the September 30th total of 635 shares. Based on an average daily volume of 18,551 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of B&R Technology Merger to a “hold” rating in a research note on Saturday, July 25th.

B&R Technology Merger Price Performance

NASDAQ BRTMU traded down $0.09 during trading on Friday, hitting $9.85. The stock had a trading volume of 3,883 shares, compared to its average volume of 104,141. The business’s 50 day moving average is $9.97. B&R Technology Merger has a twelve month low of $9.40 and a twelve month high of $10.72.

B&R Technology Merger Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.